Tuesday, July 19, 2016

IBM Investors Cheer First Signs of Success for Big Blue Strategy - Bloomberg

Also see IBM Rises After Sales Beat Estimates on Software Unit Gains (Bloomberg)

"Revenue increased for the first time in a key unit -- cognitive solutions, including its Watson artificial intelligence platform -- that the company has been touting as crucial to future growth. The results may signal that Chief Executive Officer Ginni Rometty is making good on her promise to shift IBM’s software and services offerings to match customers’ increasing appetite for cloud-based solutions. It’s been an uphill battle. Overall, sales have declined for 17 quarters in a row, while margins have also narrowed.
International Business Machines Corp.’s results Monday “underscore that the company is beginning to find an inflection point,” said Bill Kreher, an analyst with Edward Jones & Co. “We may begin to see the company grow as a whole as soon as next year.”"
IBM Investors Cheer First Signs of Success for Big Blue Strategy - Bloomberg
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